Real Estate Market Today: June 2024 ROK Realty Report

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Robert O'Keefe - ROK Realty Group
📱 (201) 374-7334 (Text/Call)
📧 robert@rokrealtygroup.com
🌐 https://ROKRealtyGroup.com

🌟 Must-Know Market Updates! 🌟

We hope everyone is kicking off the summer with lots of sunshine and good vibes! Our latest video, the ROK Realty Report for June 2024, is now live, and it’s packed with essential market insights you won’t want to miss.

5 Keys You'll Learn in This Episode:
📈 Mortgage Rates Trajectory: Discover how mortgage rates finally settled into the high 6's after a climb into the 7% range and what that means for buyers and sellers.

🏡 Trends in Existing Home Sales: Learn why there was a slight 1.9% decline in existing home sales both month-over-month and year-over-year.

💵 Price Peaks and Inventory Increases: Get the scoop on how, despite a dip in sales, the median sales prices are hitting new highs while inventory levels are on the rise.

🏘️ High-End Market Surge: Understand the significant growth in the high-end market with a 34% increase in inventory for homes priced at $1,000,000 or more.

👶 The Millennial Impact: Uncover why a large influx of millennial buyers, particularly those turning 35, is driving strong demand and keeping prices elevated.

Fun Fact:
Did you know that last year, 51% of millennials owned homes? With 12,000 millennials turning 35 every single day in the U.S., they are now at peak "household formation" age, which means even more potential homebuyers hitting the market soon!

Outro and Call to Action:
We truly appreciate your time and interest in staying informed about the real estate market with ROK Realty. Remember, the data we share is broad, and your market specifics might differ. So, don't hesitate to reach out for personalized insights. If you found this report useful, please forward it to friends or loved ones who might benefit from it.

Got any questions? Just give us a call. We’re always here to help. 😊

Have an amazing day and enjoy the video!

Best regards,

Robert O'Keefe and the ROK Realty Team